Our owners are proud to present 14 Commerce Street to the market for the first time since 1939! Located on the main street in Kaitaia situated alongside Kaitaia Council car park, the highlights of this investment are the two tenancies which provide enviable lease terms and a "low risk" investment strategy.

Age Concern Kaitaia have been pivotal to the community for many years, providing support to locals with a range of mobility options and support services. They are midway through a six-year lease term with a further right of renewal available.

Vintage Café occupy the adjoining shop and provide high quality made-to-order and cabinet food. They have the security of a nine-year lease term which expires in 2029.

The buildings have been well maintained over the years and significant money was put into re-roofing in 2019 as part of extensive renovations. This provides peace of mind for the next period of ownership. There is further scope to develop the site at the back of the building (subject to council consent) with available access from the rear of the property. The property is sold across three titles ensuring access way off the main road down to the river.

Term deposits rates continue to diminish, why not make your money work harder today!

This is a rare investment opportunity and will be sold by public auction. Land and tenanted buildings for sale only.

Price is plus GST (if any).